NASDAQ:IRIX IRIDEX (IRIX) Stock Forecast, Price & News $2.74 +0.11 (+4.18%) (As of 10/3/2023 ET) Add Compare Share Share Today's Range$2.60▼$2.8950-Day Range$1.33▼$2.7452-Week Range$1.31▼$2.88Volume288,807 shsAverage Volume98,904 shsMarket Capitalization$44.47 millionP/E RatioN/ADividend YieldN/APrice Target$2.00 ProfileProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInstitutional OwnershipHeadlinesSEC FilingsShort InterestSocial MediaProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInstitutional OwnershipHeadlinesSEC FilingsShort InterestSocial Media IRIDEX MarketRank™ ForecastAnalyst Rating0.00 Rating ScoreUpside/Downside27.0% Downside$2.00 Price TargetShort InterestHealthy0.78% of Float Sold ShortDividend StrengthN/ASustainabilityN/ANews Sentiment0.30Based on 2 Articles This WeekInsider TradingN/AProj. Earnings GrowthGrowingFrom ($0.48) to ($0.30) Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.0.74 out of 5 starsComputer And Technology Sector595th out of 597 stocksElectromedical Equipment Industry20th out of 20 stocks 0.0 Analyst's Opinion Price Target Upside/DownsideAccording to analysts' consensus price target of $2.00, IRIDEX has a forecasted downside of 27.0% from its current price of $2.74.Amount of Analyst CoverageIRIDEX has received no research coverage in the past 90 days. Previous Next 3.0 Short Interest Percentage of Shares Shorted0.78% of the float of IRIDEX has been sold short.Short Interest Ratio / Days to CoverIRIDEX has a short interest ratio ("days to cover") of 2.3, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in IRIDEX has recently increased by 52.94%, indicating that investor sentiment is decreasing significantly. Previous Next 0.0 Dividend Strength Dividend YieldIRIDEX does not currently pay a dividend.Dividend GrowthIRIDEX does not have a long track record of dividend growth. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for IRIX. Previous Next 2.4 News and Social Media Coverage News SentimentIRIDEX has a news sentiment score of 0.30. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.63 average news sentiment score of Computer and Technology companies.News Coverage This WeekMarketBeat has tracked 2 news articles for IRIDEX this week, compared to 0 articles on an average week.Search InterestOnly 1 people have searched for IRIX on MarketBeat in the last 30 days. This is a decrease of -50% compared to the previous 30 days.MarketBeat Follows5 people have added IRIDEX to their MarketBeat watchlist in the last 30 days. Previous Next 0.0 Company Ownership Insider Buying vs. Insider SellingIn the past three months, IRIDEX insiders have not sold or bought any company stock.Percentage Held by InsidersOnly 6.20% of the stock of IRIDEX is held by insiders.Percentage Held by InstitutionsOnly 23.95% of the stock of IRIDEX is held by institutions. Previous Next 0.6 Earnings and Valuation Earnings GrowthEarnings for IRIDEX are expected to grow in the coming year, from ($0.48) to ($0.30) per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of IRIDEX is -5.71, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Earnings Ratio vs. SectorThe P/E ratio of IRIDEX is -5.71, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Book Value per Share RatioIRIDEX has a P/B Ratio of 2.54. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About IRIDEX (NASDAQ:IRIX) StockIRIDEX Corporation, an ophthalmic medical technology company, provides therapeutic based laser systems, delivery devices, and consumable instrumentation to treat sight-threatening eye diseases in ophthalmology. It offers laser consoles, such as Cyclo G6 laser system for use in the treatment of glaucoma; IQ 532 and IQ 577 laser systems, which are used for the treatment of retinal disorders; and OcuLight TX, OcuLight SL, OcuLight SLx, OcuLight GL, and OcuLight GLx laser photocoagulation systems that are used to treat proliferative diabetic retinopathy, macular holes, retinal tears, and detachments. The company also provides delivery devices, including TxCell scanning laser delivery system that allows the physician to perform multi-spot pattern scanning; slit lamp adapter, which allows the physician to utilize a standard slit lamp in diagnosis and treatment procedures; and laser indirect ophthalmoscope for use in procedures to treat peripheral retinal disorders. It offers MicroPulse P3 Probe, which is used with its Cylco G6 laser system to perform MicroPulse transscleral laser therapy; G-Probe, which is used in procedures to treat uncontrolled glaucoma; G-Probe and G-Probe Illuminate, which are used in procedures to treat refractory glaucoma; and EndoProbe family of products for use in vitrectomy procedures. The company serves ophthalmologists, research and teaching hospitals, government installations, surgical centers, hospitals, veterinary practices, and office clinics. It markets its products through direct and independent sales force in the United States, as well as through independent distributors internationally. The company was formerly known as IRIS Medical Instruments, Inc. and changed its name to IRIDEX Corporation in November 1995. IRIDEX Corporation was incorporated in 1989 and is headquartered in Mountain View, California.Read More IRIX Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart IRIX Stock News HeadlinesSeptember 29, 2023 | americanbankingnews.comIRIDEX (NASDAQ:IRIX) Earns Buy Rating from Analysts at StockNews.comAugust 30, 2023 | finanznachrichten.deIRIDEX Corporation: Iridex Announces Strategic Review to Unlock Shareholder ValueOctober 4, 2023 | Vector Vest (Ad)Master the Market: Is That Stock Worth The Buy? Free Stock ReportGet a full report that tells you what a stock is really worth, how safe the stock is, and if the timing is right to buy the stock. Plus a definitive Buy, Sell, Hold recommendation. August 29, 2023 | seekingalpha.comIridex announces review of strategic alternatives, stock risesAugust 29, 2023 | finance.yahoo.comIridex Announces Strategic Review to Unlock Shareholder ValueAugust 11, 2023 | markets.businessinsider.comIridex Reports Second Quarter 2023 Financial ResultsAugust 9, 2023 | markets.businessinsider.comIRIDEX earnings preview: what Wall Street is expectingAugust 9, 2023 | finance.yahoo.comWe Think IRIDEX (NASDAQ:IRIX) Needs To Drive Business Growth CarefullyOctober 4, 2023 | Vector Vest (Ad)Master the Market: Is That Stock Worth The Buy? Free Stock ReportGet a full report that tells you what a stock is really worth, how safe the stock is, and if the timing is right to buy the stock. Plus a definitive Buy, Sell, Hold recommendation. July 28, 2023 | finance.yahoo.comIridex to Report Second Quarter Financial Results on August 10, 2023June 21, 2023 | finance.yahoo.comZacks Industry Outlook Highlights IPG Photonics and IRIDEXJune 8, 2023 | finance.yahoo.comIRIDEX Corporation's (NASDAQ:IRIX) Price Is Right But Growth Is LackingMay 18, 2023 | finance.yahoo.comIridex (IRIX) Is Attractively Priced Despite Fast-paced MomentumMay 11, 2023 | msn.comIridex: Q1 Earnings InsightsMay 11, 2023 | finance.yahoo.comIridex Reports First Quarter 2023 Financial ResultsApril 27, 2023 | finance.yahoo.comIridex to Report First Quarter Financial Results on May 11, 2023April 12, 2023 | finance.yahoo.comMultiple insiders bought IRIDEX Corporation (NASDAQ:IRIX) stock earlier this year, a positive sign for shareholdersMarch 13, 2023 | finance.yahoo.comIRIDEX Corporation (NASDAQ:IRIX) Q4 2022 Earnings Call TranscriptMarch 9, 2023 | finance.yahoo.comIridex Reports Fourth Quarter and Full Year 2022 Financial ResultsMarch 7, 2023 | finance.yahoo.comIridex to Present at the 35th Annual Roth ConferenceMarch 2, 2023 | finance.yahoo.comWe're Keeping An Eye On IRIDEX's (NASDAQ:IRIX) Cash Burn RateMarch 2, 2023 | finance.yahoo.comIridex Introduces New Research and Showcases Five Events at the AGS MeetingFebruary 23, 2023 | finance.yahoo.comIridex to Report Fourth Quarter and Full Year 2022 Financial Results on March 9, 2023January 10, 2023 | finance.yahoo.comIridex Announces Preliminary Operational and Financial Results for Fourth Quarter and Full Year 2022December 6, 2022 | finance.yahoo.comIridex to Participate in Fireside Chat with Stifel Equity ResearchNovember 13, 2022 | finance.yahoo.comIRIDEX Third Quarter 2022 Earnings: Beats ExpectationsNovember 10, 2022 | finance.yahoo.comIridex Announces Record Third Quarter 2022 Financial ResultsSee More Headlines Receive IRIX Stock News and Ratings via Email Sign-up to receive the latest news and ratings for IRIDEX and its competitors with MarketBeat's FREE daily newsletter. Email Address IRIX Company Calendar Last Earnings8/10/2023Today10/04/2023Next Earnings (Estimated)11/09/2023Fiscal Year End12/31/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ Industry Electromedical equipment Sub-IndustryN/A SectorComputer and Technology Current SymbolNASDAQ:IRIX CUSIPN/A CIK1006045 Webwww.iridex.com Phone(650) 940-4700Fax650-940-4710Employees130Year Founded1989Price Target and Rating Average Stock Price Forecast$2.00 High Stock Price Forecast$2.00 Low Stock Price Forecast$2.00 Forecasted Upside/Downside-27.0%Consensus Rating Rating Score (0-4)0.00 Research Coverage0 Analysts Profitability EPS (Most Recent Fiscal Year)($0.48) Trailing P/E RatioN/A Forward P/E RatioN/A P/E GrowthN/ANet Income$-7,550,000.00 Net Margins-13.78% Pretax Margin-13.69% Return on Equity-48.09% Return on Assets-18.82% Debt Debt-to-Equity RatioN/A Current Ratio2.53 Quick Ratio1.62 Sales & Book Value Annual Sales$56.97 million Price / Sales0.78 Cash FlowN/A Price / Cash FlowN/A Book Value$1.08 per share Price / Book2.54Miscellaneous Outstanding Shares16,230,000Free Float15,223,000Market Cap$44.47 million OptionableNot Optionable Beta0.99 Social Links Metaverse Stocks And Why You Can't Ignore ThemThinking about investing in Meta, Roblox, or Unity? Click the link to learn what streetwise investors need to know about the metaverse and public markets before making an investment.Get This Free Report Key ExecutivesMr. David I. Bruce (Age 64)Pres, CEO & Director Comp: $459.31kMr. Patrick Mercer (Age 51)Chief Operating Officer Comp: $385.51kMs. Leigh SalvoHead of Investor RelationsKey CompetitorsCuteraNASDAQ:CUTRGigCapital5NYSE:GIAARB IOT GroupNASDAQ:ARBBICZOOM GroupNASDAQ:IZMSypris SolutionsNASDAQ:SYPRView All CompetitorsInstitutional OwnershipDimensional Fund Advisors LPSold 24,237 shares on 8/9/2023Ownership: 1.140%Isthmus Partners LLCBought 12,315 shares on 8/3/2023Ownership: 2.443%AMH Equity LtdBought 303,781 shares on 8/1/2023Ownership: 2.066%Perkins Capital Management Inc.Bought 5,500 shares on 7/21/2023Ownership: 0.315%View All Institutional Transactions IRIX Stock - Frequently Asked Questions What is IRIDEX's stock price forecast for 2023? 0 brokers have issued 1 year price targets for IRIDEX's stock. Their IRIX share price forecasts range from $2.00 to $2.00. On average, they expect the company's stock price to reach $2.00 in the next twelve months. This suggests that the stock has a possible downside of 27.0%. View analysts price targets for IRIX or view top-rated stocks among Wall Street analysts. How have IRIX shares performed in 2023? IRIDEX's stock was trading at $2.01 on January 1st, 2023. Since then, IRIX stock has increased by 36.3% and is now trading at $2.74. View the best growth stocks for 2023 here. Are investors shorting IRIDEX? IRIDEX saw a increase in short interest in the month of September. As of September 15th, there was short interest totaling 93,600 shares, an increase of 52.9% from the August 31st total of 61,200 shares. Based on an average daily volume of 41,600 shares, the days-to-cover ratio is presently 2.3 days. Approximately 0.8% of the company's shares are short sold. View IRIDEX's Short Interest. When is IRIDEX's next earnings date? The company is scheduled to release its next quarterly earnings announcement on Thursday, November 9th 2023. View our IRIX earnings forecast. How were IRIDEX's earnings last quarter? IRIDEX Co. (NASDAQ:IRIX) posted its quarterly earnings data on Thursday, August, 10th. The medical equipment provider reported ($0.17) earnings per share for the quarter, missing the consensus estimate of ($0.11) by $0.06. The medical equipment provider had revenue of $12.86 million for the quarter, compared to analyst estimates of $14.23 million. IRIDEX had a negative net margin of 13.78% and a negative trailing twelve-month return on equity of 48.09%. What guidance has IRIDEX issued on next quarter's earnings? IRIDEX updated its FY 2023 earnings guidance on Thursday, August, 10th. The company provided EPS guidance of for the period. The company issued revenue guidance of $55.00 million-$57.00 million, compared to the consensus revenue estimate of $58.05 million. What is Theodore A. Boutacoff's approval rating as IRIDEX's CEO? 7 employees have rated IRIDEX Chief Executive Officer Theodore A. Boutacoff on Glassdoor.com. Theodore A. Boutacoff has an approval rating of 64% among the company's employees. What other stocks do shareholders of IRIDEX own? Based on aggregate information from My MarketBeat watchlists, some companies that other IRIDEX investors own include NVIDIA (NVDA), Trevena (TRVN), CTI BioPharma (CTIC), Agile Therapeutics (AGRX), Genocea Biosciences (GNCA), Idera Pharmaceuticals (IDRA), Lipocine (LPCN), Rigel Pharmaceuticals (RIGL) and SCYNEXIS (SCYX). What is IRIDEX's stock symbol? IRIDEX trades on the NASDAQ under the ticker symbol "IRIX." How do I buy shares of IRIDEX? Shares of IRIX stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab. Compare Top Brokerages Here. What is IRIDEX's stock price today? One share of IRIX stock can currently be purchased for approximately $2.74. How much money does IRIDEX make? IRIDEX (NASDAQ:IRIX) has a market capitalization of $44.47 million and generates $56.97 million in revenue each year. The medical equipment provider earns $-7,550,000.00 in net income (profit) each year or ($0.48) on an earnings per share basis. How many employees does IRIDEX have? The company employs 130 workers across the globe. How can I contact IRIDEX? IRIDEX's mailing address is 1212 Terra Bella Avenue, Mountain View CA, 94043. The official website for the company is www.iridex.com. The medical equipment provider can be reached via phone at (650) 940-4700, via email at investors@iridex.com, or via fax at 650-940-4710. This page (NASDAQ:IRIX) was last updated on 10/4/2023 by MarketBeat.com Staff Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. 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